Swedish government will again support the export of fossil energy
The Swedish government has revised its climate policy to begin supporting companies that export natural gas-powered energy plants, reversing a previous ban.
The Swedish right-wing government has shifted its stance on climate policy and will now provide support for firms exporting natural gas energy plants abroad, a move reported by Dagens Nyheter. This shift is significant as the previous red-green government had decided in 2019 to cancel subsidies for the export of fossil energy. Experts interviewed by the newspaper suggest that this change indicates Sweden's failure to meet its climate commitments.
The regulatory alteration affects the Export Credit Agency (EKN), which provides loans to Swedish export companies and manages risks associated with those loans. Under the government’s new guidance, EKN is again permitted to extend credit to firms exporting fossil energy, albeit with specific conditions. This demonstrates a marked turnaround from the previous administration’s policies, emphasizing the political dynamics at play in Sweden's approach to climate change.
According to Dagens Nyheter, the change in the government’s policy is strongly influenced by lobbying from Siemens Energy AB, the country's largest energy company. An email obtained by the newspaper indicates that representatives from Siemens Energy have successfully engaged in lobbying efforts with the government on at least two occasions, highlighting the tug-of-war between corporate interests and environmental commitments in Swedish politics.